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Jeddah Tower, previously known as Kingdom Tower and Mile-High Tower, is a skyscraper under construction in Jeddah, Saudi Arabia, at a preliminary cost of $1.3 billion. If completed in 2020 as planned, the Jeddah Tower will reach unprecedented heights becoming the tallest building in the world, as well as the first structure to reach the one-kilometer-high mark. It will be the centerpiece and first phase of a $20 billion proposed development known as Jeddah Economic City that will be located along the Red Sea on the north side of Jeddah. The development of Jeddah Tower seeks to bring great changes in terms of development and tourism to the city of Jeddah, which is considered the most liberal city in Saudi Arabia. Initially planned to be 1.6 km (1 mile) high, the geology of the area proved unsuitable for a tower of that height. The design, created by American architect Adrian Smith, who also designed Burj Khalifa, incorporates many unique structural and aesthetic features. The creator and leader of the project is Saudi Arabian Prince Al-Waleed bin Talal, the wealthiest man in the Middle East,[14] grandson of Ibn Saud, and nephew of the Kings of Saudi Arabia before him. Al-Waleed is the chairman of Kingdom Holding Company (KHC) which is a partner in Jeddah Economic Company (JEC), which was formed in 2009 for the development of Jeddah Tower and City. Reception of the proposal has been highly polarized; it has received high praise from some as a culturally significant icon that will symbolize the nation's wealth and power, while others question its socioeconomic motives, and forecast that it will have negative financial consequences. As of 31 December 2016, 38 floors have been completed, and the central core containing elevator shafts and stairwells has reached Level 49. The tower now stands over 200m tall! Subscribe for more videos!